Thursday, 19 January 2012 02:40

Forsyth County Home Sales Stats

Written by 
I was curious how foreclosures sales have compared to ordinary re-sales over the past year in Forsyth County. I’m not sure what possessed me to pull these other numbers, most of which are only interesting but not actionable, but here they are.

There were 2600 homes sold in Forsyth County in 2011. Throw into the mix Short Sales, Estate Owned homes, Corporate Owners, Agent Owners and so on. The only groups I didn’t look at were a few investor owned homes and new construction. Here’s what they look like:

Home Sales in Forsyth County

So, There isn’t anything terribly surprising here but there are a few things I noticed:

1. Re-sale homes get a higher sales-price-to-list-price ratio than any other type of sale except Active Adult homes.
2. Short Sales and Foreclosures have nearly the same SP/LP ratio but foreclosures sell 54% faster (no surprise there).
3. Foreclosures sell for a higher SP/LP ratio than Agent Owned homes, just interesting.
4. Nothing sells faster than homes where owners were transferred, and they get almost 91% of asking price!

So, the biggest take-away I hope people find is that distressed sales (foreclosures and short sales) sell only for a modest discount over other property types. If you think you’re going to get a foreclosure for 70% of asking price - you’re not getting that foreclosure.

The North Group

We are your source for buying and selling real estate in North Atlanta, serving North Fulton, East Cobb, Forsyth, Dawson, West Gwinett and East Cherokee counties. When you choose The NORTH Group to assist you in selling your home or guiding you through the purchase of a new home, you are benefiting from more than the wealth of experience we have in real estate. From past corporate lives we bring a high level of expertise in contract negotiations, research/due diligence, project management and customer service.

Website: TheNorthGroup.com

Lake Lanier Weather

Mostly Cloudy Today: Mostly Cloudy
61°F | 44°F
Slight Chance Thunderstorms, Probability Of Precipitation: 100% Tomorrow: Slight Chance Thunderstorms
57°F | 46°F

Keep in Touch